International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.43 and last traded at $4.39, with a volume of 222185 shares. The stock had previously closed at $4.28.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on ICAGY shares. JPMorgan Chase & Co. raised shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note on Wednesday, March 6th. Royal Bank of Canada raised International Consolidated Airlines Group from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 21st. Finally, Morgan Stanley downgraded International Consolidated Airlines Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, International Consolidated Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.33.
Read Our Latest Research Report on ICAGY
International Consolidated Airlines Group Trading Up 2.6 %
International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last announced its quarterly earnings data on Sunday, February 25th. The transportation company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.43. The firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.76 billion. International Consolidated Airlines Group had a return on equity of 380.77% and a net margin of 9.05%. As a group, research analysts anticipate that International Consolidated Airlines Group S.A. will post 0.93 earnings per share for the current fiscal year.
International Consolidated Airlines Group Company Profile
International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.
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